{"id":342185,"date":"2020-03-17T11:52:18","date_gmt":"2020-03-17T06:22:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342185"},"modified":"2020-03-17T11:52:18","modified_gmt":"2020-03-17T06:22:18","slug":"ongc-to-cut-spending-pins-hope-on-friendly-govt-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-cut-spending-pins-hope-on-friendly-govt-policy\/","title":{"rendered":"ONGC to cut spending, pins hope on friendly govt policy"},"content":{"rendered":"<p>In the light of the recent slide in global crude prices, state-run oil producer Oil and Natural Gas Corporation (ONGC) is set to \u201cadopt a balanced approach towards capital spending,\u201d and expects the government to take favourable policy measures to boost the company\u2019s performance. \u201cThe decline in crude prices has additionally created a need for us to carry out detailed review of activities to look for opportunities to optimise operating costs to preserve liquidity,\u201d the company said in a statement. ONGC is understood to have already started making a detailed strategy \u201cto get over this situation if the crisis prolongs\u201d.<\/p>\n<p>Share price of ONGC on the BSE has fallen 35.5% from Rs 93.30 on March 3 to Rs 60.15 on Monday-end, as global crude oil prices continue to fall with oil producing countries refusing to cut output.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the light of the recent slide in global crude prices, state-run oil producer Oil and Natural Gas Corporation (ONGC) is set to \u201cadopt a balanced approach towards capital spending,\u201d and expects the government to take favourable policy measures to boost the company\u2019s performance. \u201cThe decline in crude prices has additionally created a need for us to carry out detailed review of activities to look for opportunities to optimise operating costs to preserve liquidity,\u201d the company said in a statement. ONGC is understood to have already started making a detailed strategy \u201cto get over this situation if the crisis prolongs\u201d. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-342185","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342185"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342185\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}